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Chile to increase mining safety standards

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After the successful rescue of the 33 miners trapped in the San Jose mine in northern Chile, President Sebastian Piñera has promised to ratify International Labour Organization (ILO) Convention 176, which regulates mining safety standards.

The convention requires the state to implement adequate laws and regulations to ensure safety in the mining sector; outlines the responsibilities of private companies in the prevention of risk; and regulates the rights of...

Brazil's economy may grow by 7.5% this year

ALABC 0 3242

Brazil’s Finance Minister, Guido Mantega, believes that the nation’s economy has the capacity to expand 7.5 percent this year.

Speaking to investors in New York on October 12, Mantega said Brazil is experiencing a sustainable expansion and that the conditions are in place for 5.5 percent to 6 percent growth in the next four years regardless of how the U.S. economy performs. “Brazil is enjoying high quality, sustainable growth, because it doesn’t generate...

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